UK pledges thousands of new jobs in freeports plan

Quick Summary:

Critics have said freeports do not boost actual job numbers, but move investment to a different area instead.

Critics have suggested, however, that they simply move economic activity or jobs from one part of the country to another, rather than creating new opportunities or roles.

It said that historical evidence suggests their "main effect" would be to move economic activity from one place to another.

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Article Details

Category: Business

Markets: United Kingdom

Topics: Keir Economic Growth Boost Government Part Local Freeports Jobs Investment

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 12:02:17 (4 days ago)

News Timezone: GMT +0:00

News Source URL: bbc.com

Language: English

Article Length: 584 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BBC Business

News ID: 23239703

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About BBC Business

Main Topics: Business

Official Website: bbc.co.uk

Update Frequency: 4 posts per day

Year Established: 1922

Headquarters: United Kingdom

News Last Updated: 16 hours ago

Coverage Areas: United Kingdom

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Publisher ID: #43

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